Scrip dividend election

RNS Number : 9135N

Wynnstay Group PLC

31 October 2016

 

AIM: WYN

Wynnstay Group plc

(the "Company")

Scrip dividend election and Directors' shareholdings

The Company announces the following information in relation to the ordinary share capital of the Company:

Elections to accept the scrip dividend alternative with regard to the interim dividend for the year ended 31 October 2016 paid on 31 October 2016 were received from the holders of 3,187,347 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 16.4% of the Ordinary Shares in issue on 30 September 2016, being the record date for the interim dividend. Accordingly, 25,309 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £5.205 each, increasing the enlarged issued Ordinary Share capital of the Company to 19,495,193 Ordinary Shares. The additional cost to the Company of the dividend paid in cash amounts to approximately £651,327 in total.

In the issue, as set out in the dealing notifications below, two directors received new Ordinary Shares in lieu of cash dividends.

Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 4 November 2016.

Following the above transactions and for the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice is 19,495,193 with each share carrying the right to one vote. There are no shares held in treasury. Therefore, the total number of voting rights in the Company is 19,495,193.

The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

Dealing notification forms for use by persons discharging managerial responsibility and their closely associated persons

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr D.A.T. Evans
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wynnstay Group plc
b)	LEI	213800TOLA726AITR960
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares in the Company  GB0034212331
b)	Nature of the transaction	Scrip dividend election
c)	Price(s) and volume(s)	Purchase of shares following exercise of employee options (item 1) : Price Volume(s) £5.205 159 shares
d)	Aggregated information - Aggregated volume - Price - Total Value	N/A (single transaction)
e)	Date of the transactions	31 October 2016
f)	Place of the transaction	Outside a trading venue

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Mr K.R. Greetham
2	Reason for the notification
a)	Position/status	Director
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Wynnstay Group plc
b)	LEI	213800TOLA726AITR960
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares in the Company  GB0034212331
b)	Nature of the transaction	Scrip dividend election
c)	Price(s) and volume(s)	Purchase of shares following exercise of employee options (item 1) : Price Volume(s) £5.205 357 shares
d)	Aggregated information - Aggregated volume - Price - Total Value	N/A (single transaction)
e)	Date of the transactions	31 October 2016
f)	Place of the transaction	Outside a trading venue

For further details please contact:

Wynnstay Group plc	Ken Greetham, Chief Executive Paul Roberts, Finance Director	T: 01691 828512
KTZ Communication	Katie Tzouliadis	T: 020 3178 6378
Shore Capital (Nomad)	Stephane Auton / Patrick Castle	T: 020 7408 4090

 

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